Internalizing a Negative Externality Means _____

question 35

Multiple Choice

Internalizing a negative externality means _____.

• A)changing the incentives of consumers to ignore the externality
• B)changing the incentives of producers to act as if there were no market for the external cost
• C)changing the incentives of producers to act as if there were a market for the external cost
• D)changing the incentives of consumers to complain about the externality to the producers

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Definitions:

Qualitative

This term pertains to research that focuses on understanding concepts, thoughts, or experiences through methods such as interviews, observations, and analysis of text and documents.

Ascribed Status

A social position assigned to a person at birth or assumed involuntarily later in life, based on factors like gender, family heritage, and ethnicity.

Achieved Status

A social position that an individual gains through their own efforts, talents, or accomplishments, as opposed to being born into it.

Race

Historically, a group of people that was physically and genetically distinguished from other groups.